Trustor’s Offset Statement (Sale or Assignment of Note Secured By Deed of Trust) TRUSTOR’S OFFSET STATEMENT, is a critical document used in real estate finance, primarily in California, during the sale or assignment of a promissory note that is secured by a deed of trust. Here’s a breakdown of its purpose, how it’s used, and […]
Origin of IDEAL Real Estate Acronym Where did IDEAL acronym originate regarding real estate investment? Of course. This is an excellent question, as the IDEAL acronym is now ubiquitous in real estate investing, but its origins are somewhat murky. The short answer is that the acronym IDEAL did not originate from a single, identifiable source like […]
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Minimum Criteria Checklist formatted in a table suitable for a Microsoft Word document. Minimum Criteria Checklist for Lease with Option to Buy House Address: ________________________ Applicant’s Name: ____________________________ Part 1: Automatic Rejection Criteria Applicant will be automatically rejected if ANY of the following are present. ✅ Criteria ☐ Applicant’s total gross household income is less than 3x the monthly […]
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Unlock Deals Everyone Else Misses: The Ultimate Guide to Seller Financing & Lease Options Brought to you by Brian Gibbons | www.REISkills.com Training Module: Creative Financing Mastery Introduction: It’s Not About Price, It’s About TERMS Forget competing with every other investor for the cheapest price. The most powerful deals are found not in the discount, but […]
Strategies Links Strategies in Real Estate Investments Hub Strategies REI Hub Strategy Agreement for Deed Strategy Bond For Deed Strategy Contract for Beneficial Interest plus Lease Strategy Contract for Deed Strategy Contract For Option plus Lease Strategy Fixers Financing Model Strategy Flipping Strategy Help Your Kids Buy a House and Get Tax Breaks Strategy Installment […]
IRS Rules on Short- vs. Long-Term Capital Gains Tax Question: When Selling for cash investment properties, what does the IRS say about buying and selling properties under 12 months ownership vs holding for greater than 12 months ownership? This is a fundamental concept in real estate taxation, and the IRS treats these two holding periods […]
This is a fundamental and powerful concept in real estate investing. What is an Option to Purchase? An Option to Purchase (or a “Purchase Option”) in real estate is a contractual agreement that gives an investor (the “Option Holder”) the right, but not the obligation, to buy a specific property at a predetermined price within a set period […]
FAQ FAQ 1 – How much does it cost for the REISkills.Academy? (October 12, 2024) FAQ Advanced Options (February 12, 2025) FAQ Agent Business Plan (December 25, 2024) FAQ Agent Fiduciary and General Duty (January 24, 2025) FAQ Agreements (December 24, 2024) FAQ AITD All Inclusive Trust Deed (January 20, 2025) FAQ Apartments (October 24, 2024) FAQ Buy Without Cash Or Credit (December […]
Here are comprehensive objection handler scripts for both motivated sellers and cash buyers, designed to build trust and move the conversation forward. Objection Handler Script: Motivated Sellers Goal: Listen, empathize, reframe, and provide a solution. Objection 1: “I have a real estate agent.” / “I’m planning to list.” Response: “That’s a great option if you have […]
Script – Cash Buyer Phone Script for Wholesaling Goal of the Call: To qualify the investor, add them to your buyer list, and/or present a specific property. Pre-Call Preparation: Have the Property Details Sheet ready (if calling about a specific deal). Have your Cash Buyer Spreadsheet/CRM open to log their criteria. Be ready to text or email information immediately. The […]
Research Report: A Guide to Private Placements in Self-Directed IRAs Disclaimer: This report is for educational purposes only and is not financial, legal, or tax advice. Investors must conduct their own due diligence and consult with qualified professionals before investing. Private placements are high-risk investments and may be illiquid. Executive Summary Private Placements have been a […]
Create Subtle Pressure (Push) and Softening (Pull) in Your Real Estate Seller Negotiating Sessions In the context of negotiating a home sale, “push-pull” refers to a dynamic where the buyer and seller both exert pressure to gain an advantage. Rather than being an aggressive, win-lose approach, it is a strategic back-and-forth process of trading concessions […]
Why Creating Rapport is So Important Establishing rapport is the foundational first step in any Seller Negotiation. This step is crucial because it transforms the seller’s perception of the investor and lays the necessary groundwork for a successful, high-quality business transaction. In its simplest form, rapport is defined as a connection of friendship between two […]
45 Famous Real Estate Quotes to Inspire and Motivate You Success in real estate isn’t just about market knowledge or hard work—it’s about mindset. The right words, spoken at the right time, have the power to shift perspectives, reignite motivation, and remind us why we chose this path in the first place. Whether you’re navigating […]
Forget Annuities? How Managed Payout Funds Offer a Simpler Path to Retirement Income Introduction: The Retirement Income Puzzle For decades, retirees have faced the same daunting challenge: how to transform a lifetime of savings into a reliable stream of income that will last for the rest of their lives. This transition from a nest egg […]
The Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the Ability-to-Repay (ATR) rule to ensure that lenders make responsible mortgage lending decisions. Here’s a brief overview: Ability-to-Repay (ATR) Rule Purpose: Requires lenders to make a reasonable, good faith determination that a borrower has the ability to repay their mortgage. Qualified Mortgages (QM): Loans that […]
From Investopedia If you need cash for a down payment for a home, you might be wondering if you can use your 401(k) retirement plan funds. Typically, when you withdraw funds from a 401(k) before age 59½, you incur a 10% penalty. This rule also applies if you withdrawn funds from your 401(k) for the […]
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Lease-Option Purchases References Quick Takeaways “A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.” […]
Originating and Underwriting Learning Center Everything you need to know to assist in originating and underwriting loans for sale to Fannie Mae This Learning Center page provides resources and training on originating & underwriting loans, Fannie Mae’s underwriting applications, and best practices to help you get the most out of Fannie Mae mortgage products, the Selling […]
How I set my fees with least purchase consulting I’m going to presume that you want to be a lease purchase consultant and that’s all you want to do, If you’re in a state California or New York that has pretty strict regulations you might want to get licensed to sell or lease real estate. […]
To find an FHA license mortgage origination underwriter: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist Standard mortgage application for borrowing money for an FHA mortgage https://singlefamily.fanniemae.com/delivering/uniform-mortgage-data-program/uniform-residential-loan-application NMLS NMLS Consumer Access https://mortgage.nationwidelicensingsystem.org/about/sitepages/NMLSConsumerAccess.aspx About the NMLS https://mortgage.nationwidelicensingsystem.org/about/SitePages/default.aspx CFPB Loan Origination https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/loan-origination-rule/ CFPB Ability to Repay https://www.consumerfinance.gov/rules-policy/final-rules/ability-to-pay-qualified-mortgage-rule/ CFPB Buying a House (for consumers) https://www.consumerfinance.gov/owning-a-home/
Courtesy of www.Nolo.com State Laws on Security Deposit Limits More than half of the states put a limit on how much landlords can charge for a security deposit. By Ann O’Connell, Attorney ● UC Berkeley School of Law Updated 4/11/2024 Most states set a limit on the amount of security deposit landlords can charge. If your state has a […]
Hello everybody and welcome to this particular post about lease options with commercial property. With the advent of problems in the commercial real estate field, people having a hard time buying and selling and getting financing, I find that this article was very helpful in positioning yourself as a lease purchase consultant. If you are […]
Direct mail should be an integral part of your marketing strategy. We’ve found that spending a good amount of money on direct mail can yield a huge ROI. If executed well, direct mailings are often the most effective piece of your marketing campaigns. However, direct mail campaigns can be expensive and a total waste of money if […]
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One of the things that Real Estate Investors really need is a good contact team. I was very lucky when I started because I work for a very experienced real estate investor. His name was Glenn. He’d been working in real estate investing for 40 years. He was in his 60s. I got a job […]